996 prices have been trading between $17 to $19K for the past year with a few outliers. Not sure where the sudden drop in pricing comment is coming from. Cars depreciate approx 20% every year.

Porsche introduced a new model generation in the past 12 months as well so one would expect older generations make room for that also.

Just imagine how much it would drop if he didn't do yearly maintenance weekly.

Hey now, I wasnt "laminating" (Im not a wood shop finnisher guy) nor was I even lamenting. :) I was merely making an observation while I shopped for a newer model.

Those that continue to deny the 996 downward price spiral are just deluding themselves about ACV of the cars. I wish I would have waited for the Porsche bombshell of admitting the defect and I could have afforded a TT or a GT3, or one day a GT2. :evilgrin:

None of those cars are affected by the IMS problem. In fact, this news of the legal settlement is probably more likely to push the prices of those cars up rather than bring them down.

Perhaps for a '99 or '00 with higher miles... find me a decent '02-'04 with ~50k miles at that price and I'll buy it today. A friend bought a nice '02 with 40k and very few options last fall after a long search. He paid ~$25k. After all the cars he had looked at he was very happy with that price.

Also just like the stock market, there's gonna be owners that panic from the lawsuit and sell off their cars thinking there maybe something "wrong" with their cars, further flooding the 996 used car market and increasing supply and lowering demand.

Black book estimate on my old 04 40th AE with 22k miles in mint condition is 14K-24K.

Important to note that your Black Book estimated range represents trade in/wholesale value to a dealer, not retail to the public. What matters for this discussion is actual retail sales.

For example - here is a 40th Anniversary with 27k offered for sale at a Subaru dealership in CT. The list price for the car is $49k!!!

Don't misunderstand, they are not going to get that much for the car. And all sorts of regional pricing comes in to play. Cars are more expensive in the Northeast and CA, cheaper in the Midwest, FL and TX. But I bet they get $38-40k - which is a whole lot more than the $24k high trade in number.

http://billkolbsubaruinventory.vinma...spx?ID=2376599

Also remember that dealers can always get more for a car than a private seller.

One only needs to look on Autotrader at the number of views the mid price and higher price cars have to see that they don't seem to sell for a very long time if at all.

Capt Obv. , its called "guilt by association".


Maybe its $49K because its "AWD". LOL, they know there P-cars. :rtfm:

I predict it will be there for a LONG time at that price. You can easily pickup a TT for less. I bet you could look at this car in person and ask "Isnt this the car Porsche is recalling because the engines are deffective?" The price will drop about $15K. They will be lucky to get over $30K for this car.

Porsche is doing a recall? Really!!!:nono:

No, I meant thats what a typical customer would say that heard about the legal action. The "AWD" 40th AE was not anywhere in the list.

:corn:

Nice thing about the turbo's - no worries on that darn IMS issue.

Mine is for sale - upgrade today! :-)

I didn't buy my car as an investment. I know that they depreciate in value. I've just always found it interesting how some people like to make a case for just how quickly they seem to drop in value. I've spent time on a lot of car forums and I can't think of another where I've sensed pleasure(?) from a group of people when they talking about their car's depreciation. It's just strange.

Wrong. Porsche ISN'T recalling the 996. A recall would be GREAT for owners. Porsche isn't recalling anything. They're allowing for the miniscule group of people who know about the settlement and who fall within its tiny scope of protection to possibly get some reimbursement if their IMS failed or fails in the future, provided the cars that fail continue to meet the settlement's requirements, which is very finite given the time bar included in its terms.

-Eric

You are correct. Low mile 996.2s have been trading in the mid twenties for the past two years as well. This thread is about the "sudden" drop in value and I just don't see it.